Digital insurer Positive has launched Positive Confirm, an AI-based answer designed to automate insurance coverage compliance verification in actual time for property managers and ‘proptech’ platforms.
Touted as a “first-of-its-kind platform”, Positive Confirm is now obtainable throughout all US markets to reinforce how tenant insurance coverage protection is verified and monitored.
Positive Confirm leverages proprietary AI expertise to validate insurance coverage coverage particulars mechanically, enhancing the normal verification course of.
It integrates with present property administration methods and resident onboarding workflows, serving to tenants verify their insurance coverage in “lower than a minute”.
The platform presents property managers a centralised dashboard, enabling them to achieve “real-time” oversight of compliance throughout their portfolios.
It options reporting and real-time alerts, with automated notifications for coverage renewals and compliance updates.
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The corporate goals to handle the insurance coverage and property administration sectors, the place guide coverage verification calls for workers time and is vulnerable to errors, the discharge mentioned.
Its AI-driven system automates the method, offering steady monitoring to make sure protection for customers all through their coverage time period.
The answer is alleged to profit property administration firms by automating tenant insurance coverage coverage monitoring, verifying protection, notifying about coverage modifications and integrating with present software program to decrease operational prices.
Positive CEO Wayne Slavin mentioned: “The method of verifying and monitoring insurance coverage compliance has remained stubbornly guide and error-prone, creating vital dangers and operational inefficiencies for companies. Positive Confirm represents a elementary shift in how companies deal with insurance coverage compliance verification.
“By leveraging AI and our insurance coverage expertise rails, we’re reworking what was as soon as a painful guide course of into an automatic, real-time monitoring answer that ensures steady compliance whereas dramatically decreasing operational prices.”
In December 2024, Positive collaborated with CU Monetary Group to introduce SimpleQuote, a digital insurance coverage answer that gives credit score union members with seamless entry to insurance coverage providers.
